INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) - Excess MSRs [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 417,733	[1]
Transfers from indirect ownership	98,258
Purchases	1,051,019
Interest income	87,874
Other income	2,246
Proceeds from repayments	(197,166)
Change in fair value	(274)	[2]
Ending balance	1,459,690	[1]
Nationstar [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	409,076
Transfers from indirect ownership	98,258
Purchases	131,488
Interest income	46,840
Other income	2,246
Proceeds from repayments	(94,212)
Change in fair value	1,854	[2]
Ending balance	595,550
SLS [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	8,657	[3]
Transfers from indirect ownership	0
Purchases	0
Interest income	176
Other income	0
Proceeds from repayments	(997)
Change in fair value	(1,890)	[2]
Ending balance	5,946	[3]
Ocwen [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	0	[4]
Transfers from indirect ownership	0
Purchases	919,531
Interest income	40,858
Other income	0
Proceeds from repayments	(101,957)
Change in fair value	(238)	[2]
Ending balance	$ 858,194	[4]

[1] Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.

[2] In the third quarter of 2015, New Residential recorded a cumulative positive prior period adjustment of $4.4 million (of which $4.2 million related to 2014 and prior) resulting from adjustments to certain modeling assumptions.

[3] Specialized Loan Servicing LLC (“SLS”). See Note 6 for a description of the SLS Transaction.

[4] Ocwen services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS. See Note 1.